Flue Gas Desulphurization (FGD) Market Size, Growth Opportunities and Recent Trends Report by 2028
The global Flue Gas Desulphurization (FGD) market is expected to reach USD 25.40 Billion by 2028, according to a new report by Reports and Data. These equipment removes sulfur dioxide from the flue gas before it is emitted. When fossil fuels are burned in power plants such as oil and coal combustion unit, these equipment lowers sulfur dioxide and greenhouse gas emissions.
The demand for Flue Gas Desulphurization (FGD) is growing in power plants, chemical manufacturing units, iron & steel, and cement manufacturing industries due to the stringent government policies concerning the environmental hazards. Rapid industrialization and growth of infrastructure are going to push the market for Flue Gas Desulphurization (FGD). Increase in demand for power assisted with dependence for coal will encourage the market in the coming years. Technological advancements in high performing equipment and decreasing cost of it is going to provide new players with opportunities to explore.
APAC is estimated to be the highest growing region owing to the rising population levels in China and India. Government policies will boost the market. The demand for power generation in this region due to the growing infrastructure and industrialization is set to fuel the growth if Flue Gas Desulphurization (FGD) in this region. Europe has strict regulations for Sulfur emission and is one of the leading users of Flue Gas Desulphurization (FGD).
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Key participants include Marsulex Environmental Technologies Corporation, Clyde Bergemann Power Group, Inc, Hamon Corporation, FLSmidth & Co. A/S, Siemens AG, Rafako S.A., Babcock & Wilcox Enterprises Inc., Doosan Lentjes GmbH, General Electric Company, and Mitsubishi Heavy Industries, Ltd.
Further key findings from the report suggest
- The rise in demand for energy and stringent regulations for environmental benefit is set to increase the market for Flue Gas Desulphurization (FGD).
- Expensive installation and waste disposal cost are still challenges faced by the manufacturers and is limiting the market’s growth.
- Emerging countries like China, India, and Brazil are some of the regions that are paving the way for the growth of the market.
- On the basis of Type, Wet FGD is expected to have a larger market share as they are mainly used in industrial plants owing to their higher efficiency in removing sulfur dioxide.
- Utilization of coal in the industry is maximum, government across the globe has strict policies to install wet FGD.
- Power generation segment in the End-User sector is expected to lead the market as most of the countries still use coal for electricity generation.
- Brownfield technology is one where the equipment will be updated keeping it linked to coexist with the prior equipment whereas Greenfield is the installation of all new equipment.
- Cement manufacturing unit will have the second largest market share after power generation due to the emergence of new infrastructure and industries.
- APAC to have the highest market share owing to the emergence of manufacturing units and their utilization of coal.
- Europe to have the second largest market share due to strict government policies regarding sulfur dioxide emission.
Power and energy industry comprises of key companies operating in fuel, petroleum, natural gas, and nuclear power markets. Constant production of energy and power is imperative for country’s economic growth. It also covers exploration and production of oil and gas reserves, oil and gas drilling, and refining industries. Power and energy sector is one of the most diversified sector across the globe. Rapid industrialization and urbanization has increased the dependency on power and energy and industries today consume large amounts of fuel making energy industry a crucial element of today’s industrial infrastructure.
With increasing focus on sustainable energy and alternative sources of energy to mitigate global warming, countries today are heavily investing in hydroelectric power, solar power, and wind energy. Widespread demand for energy and power has led to the emergence of lucrative growth opportunities in the market and accelerated revenue growth of the retail energy markets. However, negative environmental impact of prolonged use of fossil fuels, depletion of energy resources, and increasing amount of pollutants in the atmosphere are some key restraining factors. Increasing automation in power and energy industry, integration of advanced technology like AI, growing focus on hybrid and electric vehicles, and increasing emphasis on improve energy variability and costs for residential and commercial buildings and vehicles are set to open new paths for the growth of the energy and power sector.
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The report sheds special focus on the factors that propel the growth of the industry. For better understanding, the report segments the Flue Gas Desulphurization (FGD) market into key divisions such as types, applications, end-use, technology, region, and others. These segments are extensively analyzed to offer better forecast for the global and regional market and key factors influencing their growth are also covered in the report.
For the purpose of this report, Reports and Data have segmented global Flue Gas Desulphurization (FGD) market on the basis of technology, installation, end-user, application, and region:
Technology Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Dry FGD
- Wet FGD
- Semi-Dry FGD
Installation Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
End-user Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Power Generation
- Chemical Manufacturing Industry
- Iron and Steel Industry
- Cement Manufacturing
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- New Systems
- Ball Mill Slurry
- Cyclone/Filter Feed
Regional Analysis Covers:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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